CDPQ and Cathay Capital to acquire a 50% stake in Greater Changhua 1 from Ørsted for $2.7bn.

Caisse de dépôt et placement du Québec and Cathay Capital, a Taiwanese private equity fund, to acquire a 50% stake in Greater Changhua 1, an offshore wind farm, from Ørsted, a provider of utility services, for $2.7bn. The divestment is subject to regulatory approval from the Taiwanese authorities. “This investment in Taiwan, which represents an attractive market for CDPQ, allows us to further diversify our presence in Asia. As an investor with vast experience in renewable energy, we seek this kind of greenfield opportunity to contribute to the transition toward a low‑carbon economy. Working alongside our long-term partner, Ørsted, and experienced local investor, Cathay PE, we are proud to support the Greater Changhua 1 Offshore Wind Farm project, which will supply clean power to over 650,000 Taiwanese families," Emmanuel Jaclot, CDPQ Executive Vice-President and Head of Infrastructure.